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Greco Resort opened for business on June 1 with eight air-conditioned units. Its trial balance on August 31 is as follows. GRECO RESORT Cash

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Greco Resort opened for business on June 1 with eight air-conditioned units. Its trial balance on August 31 is as follows. GRECO RESORT Cash Prepaid Insurance Supplies Land Buildings Equipment TRIAL BALANCE AUGUST 31, 2020 Debit Credit $19,600 4,500 2,600 20,000 120,000 16,000 $4,500 4,600 60,000 91,000 9,000 5,000 76.200 Accounts Payable Unearned Rent Revenue Mortgage Payable Common Stock Retained Earnings Dividends Rent Revenue

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